Boone County Fiscal Court
                                                             www.BooneCountyKy.org
                                                              2950 Washington Street
                                                                     PO Box 960
                                                              Burlington, KY 41005
                                                                    (859) 334-2144
                                                                    (859) 334-3914 fax

                                                     Net Profit Tax Return for 2020
                            Use this form if your year end is between January 1, 2020 and December 31, 2020
Name:                                                                    Account #: ________________________________________ 

dba:                                                                     FEIN/SSN:_________________________________________ 

Address:                                                                 Due Date:_________________________________________ 
                                                                         Due date is April 15, 2021, except returns made on the basis of a fiscal year, which 
                                                                         shall be made by the fifteenth day of the fourth month following the close of the fiscal 
City, State, Zip:                                                        year.

Boone County Board of Education Tax - 1/2 of 1% (.005)
                          *****No Maximum*****
1) Adjusted Net Business Income (worksheet 1, Line 2 (a))5               $
2) Multiply Line 1 - by 1/2 of 1% (.005)                                 $
3) Late filing and/or Paying Penalty Fee                                 $
 5% per month, maximum not to exceed 25%,Minimum $25
4) Interest Fee (1% per month, 12% per year )                            $
5) Total Board of Education Tax                                                                  $
    Boone County Ordinance #07-27 - 8/10 of 1% (.008)
                    *****Max $63,136.00/tax of $505.09*****
6) Adjusted Net Business Income (worksheet 1, Line 2 (b))5               $
7) Multiply Line 6 - by 8/10 of 1% (.008) (Not greater than $505.09)     $
8) Late filing and/or Paying Penalty Fee                                 $
 5% per month, maximum not to exceed 25%,Minimum $25
9) Interest fee 1% per month, 12% per year                               $
10) Total Boone County Net Profit Tax                                                            $
Boone County Mental Health Tax  Ordinance #07-26- 15/100 of 1% (.0015)
             *****Max Profit $16,666.00/tax of $25.00*****
11) Adjusted Net Business Income (worksheet 1, Line 2 (c))5              $
12) Multiply Line 11-  by 15/100 of 1% (.0015) (Not greater than $25.00) $
13) Late filing and/or Paying Penalty Fee                                $
  5% per month, maximum not to exceed 25%,Minimum $25
14) Interest fee 1% per month, 12% per year                              $
15) Total Mental Health Tax                                                                      $
16) Subtotal Taxes (add lines 5,10,15)                                                           $
17) Add Annual Business License Fee $25.00           See instructions for multiple location fees $
18) TOTAL DUE (ADD LINES 16 and 17)                                                              $
19) Overpayment from Prior Year                                          $
20) Estimated Tax Payment with Extension                                 $
21) Total Prior Year & Estimated Payments (ADD LINES 19 and 20)                                  $
Total remittance (line 18 less line 21)                                                          $
Make check payable to:  Boone County Fiscal Court
If Overage please specify  Refund or Credit                              Refund                  Credit 
                  You must attach a copy of the Federal Tax Return, Supporting Schedules (include all pages) 
                                and complete page two -Calculation Of  Adjusted Business Income
Signed:                                                                  Date:
Printed Name                                                             Official Title:
Tax Form Prepared By:                                                    Telephone Number:
                                                                         E-mail
I declare, under the penalties of perjury, that I have examined this document and to the best of my knowledge and belief, this is a true and accurate return.
Please notify in writing any changes of ownership or new address by completing a Request to Change/Close Occupational License Account which 
can be found on our website @ www.BooneCountyKY.org.  If you have any questions please call 859-334-2144 or email 
OccLicense@BooneCountyKY.org
Mail your return to:
PO Box 457, Florence, KY 41022-0457) are for returns WITH PAYMENT and 
PO Box 960, Burlington, KY 41005-0960) are for returns WITHOUT PAYMENT.                                           Form 0706 - page 1 of  2

   Account #: _________________________                                                     Account Name:___________________________
   Year Ended:________________________                                                      FEIN/SSN: _______________________________

                                                                 Adjusted Business Income Calculation Page (page 2 of Net Profit Return)
                                                                                                  Individual                            Partnership               Corp and S-Corp
                                                                                            1040 Schedule C, E, F, 1040 
                                                                                            Other income, 1099                          Form 1065              Form 1120 & 1120S
   Non-employee Compensation as reported on Form 1099-Misc reported as "other income" 
1 on Federal Form 1040 (attach Page 1 of Form 1040 and Form 1099)                                                                       N/A                       N/A
   Net Profit/Loss per Federal Schedule C of Form 1040 (attach Schedule C, Pages 1 & 2, 
2 Schedule C-EZ)                                                                                                                        N/A                       N/A

3 Rental Income/Loss per Federal Schedule E of form 1040 (attach Schedule E)                                                            N/A                       N/A

4 Net farm Profit/Loss per Federal Schedule F of form 1040 (Attach Schedule F, pages 1 & 2)                                             N/A                       N/A
   Capital Gain from Federal Form 4797 or form 6252 reported on Schedule D of form 1040 
5 (attach form 4797, Pages 1 & 2 or Form 6252)                                                                                          N/A                       N/A
   Ordinary Gain/Loss on the sale of property used in trade or business per Federal Form 
6 4797 (Attach Form 4797, pages 1 & 2)                                                                                                  N/A                       N/A
   Ordinary Income/Loss per Federal Form 1065 (Attach Form 1065, Pages 1,2,&3, 
7 Schedule of other Deductions and Rental Schedule(s), if applicable)                             N/A                                                             N/A
   Taxable  Income/Loss per Federal Form 1120 or 1120A or Ordinary Income/Loss per 
   Federal Form 1120S (Attach Form 1120 or 1120A, Pages 1 & 2, Schedule of other 
8 Deductions, and Rental Schedule(s), if applicable)                                              N/A                                   N/A
   Ordinary Income/Loss per Federal Form 1120S (Attach  Form 1120S, Pages 1,2 & 3, 
9 Schedule of other Deductions, and Rental Schedule(s), if applicable)                            N/A                                   N/A
   State Income Taxes and Occupational taxes deducted on Federal Schedule C,E,F, or 
10 Form 1065, 1120, 1120A, or 1120S
   Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form 
11 1065 or 1120S and rental schedule(s), if applicable).                                          N/A

12 Net Operating Loss deducted on Form 1120                                                       N/A                                   N/A
13 Total Income - Add Line 1 through Line 12
   Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form 
14 1065 or 1120S and rental schedule(s), if applicable).                                          N/A

15 KY Alcoholic Beverages (Attach Computation Sheet)

16 Other Adjustment (Attach Schedule)

17 Professional Expense not reimbursed by the Partnership (Attach schedule of Expenses)           N/A                                                             N/A

18 Total Deductible Items - Add Lines 14 through 17

19 Adjusted Net Business Income - Subtract Line 18 from Line 13

                                                         COMPUTATION OF APPORTIONMENT PERCENTAGES
   All licensees who conduct a business activity in Boone County, KY must complete                Column A                              Column B                  Column C
   this part, regardless of profit or loss.                                                 Boone County Factor         Total Operations Everywhere     Boone County %  ( A/B=C)
                                                                                            20(a)                       20(b)                           20(c)
20 Gross Receipts from sales made and/or services rendered
   Gross Compensation including wages, salaries and other compensation (see                 21(a)                       21(b)                           21(c)
21 instructions before completing)
                                                                                                                                                        22(c)
22Total Apportionment Factor(add Column C, lines 2 0& 21)
   Apportionment Factor(Column C line 2 2divided by the number of percents used).  If                                                                   23(c)
   both lines 20(b)& 21(b) are greater than zero, divide the entry on Line 2 (c)by22 and 
23 enter here.  If either Line 20(b) or 21(b) is zero, enter the amount from Line 2 2here.
                                                                                                                                                        24(c)
24 Taxable Boone County Net Profit - Multiply Line 19 by 23(c) and enter here

                                                                                                  Boone County BOE      Boone Cty Ordinance #07-27      Boone Cty Mental Health #07-26
                                                                                            see page 1 for maximum            see page 1 for maximum    see page 1 for maximum
                                                                                            25(a)                       25(b)                           25(c)
25 Allocated Profit Enter Line 2 4- transfer to page 1 where appropriate
                                                                                            (Transfer to Line 1 page 1) (Transfer to Line 6 page1)      (Transfer to Line 11 page 1)
                                                                                                                                                               Form 0706-1 - Page 1 of 2
                                                                                                                                                               Form 0806-1 - Page 2 of 2